US Grants BP, Serica Licence to Run Iran-owned North Sea Field

October 9, 2018

(Image: Serica Energy)
(Image: Serica Energy)

BP and Serica Energy received a conditional licence from U.S. authorities to continue operating a North Sea gas field partly owned by Iran's national oil company, Serica said in a statement.

The U.S. Office of Foreign Assets Control extended a licence for U.S. and U.S.-owned or controlled entities to provide goods, services and support the Rhum field, which supplies around 5 percent of Britain's gas demand.

The extension will allow Serica to complete the acquisition of BP's stake in Rhum as well as the Bruce and Keith fields, as well as buying Total's stakes in Bruce and Keith, it said.


(Reporting by Ron Bousso, editing by Louise Heavens)



Current News

Dutch-Aussie Team Targets Safer Blade Lifting

Dutch-Aussie Team Targets Safer Blade Lifting

TechnipFMC Wins ConocoPhillips Award

TechnipFMC Wins ConocoPhillips Award

Orsted to Build NJ's First OWF

Orsted to Build NJ's First OWF

Azerbaijan Takes Delivery of Satti

Azerbaijan Takes Delivery of Satti

Oilfield Services Pricing Raises

Oilfield Services Pricing Raises

Aqualis completes Braemar Acquisition

Aqualis completes Braemar Acquisition

Teekay, Alpha Petroleum FPSO Deal Terminated

Teekay, Alpha Petroleum FPSO Deal Terminated

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week